Post
Topic
Board Trading Discussion
Re: Is Scalping even viable in Cryptocurrencies?
by
tippytoes
on 27/04/2021, 23:22:51 UTC
Scalping techniques are very practical if you are able to read candles quickly and analyze any price movements that occur. Scalping is widely used for fast trading and getting profits faster with multiple transactions in just a few minutes or a few hours.
I sometimes use scalping for several cryptos with high liquidity and are trending at that time.

Large capital is also very influential for the scalping method. The more capital, the more profit you get even though in each transaction you only get a few percent of the profit.

I agree with you here, the larger the capital you have, the better in scalping strategy. However, since the OP seems to be new in crypto market. He can start small and grasp first this technique using top alts. Scalping method is also common in crypto, and you can accumulate good profits if you know how to strategize. You need to look out for potential coins that will gain their price and that will entail knowing their market. It will take time, it is not an overnight learning. Patience is also needed here.